Bob Brinker's Marketimer

  Tuesday November 21, 2017

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HOW LOAD AND NO-LOAD FUNDS ARE QUOTED
Learn even more about this topic with the Encyclopedia of Personal Finance™

The financial pages of most daily newspapers list mutual fund share prices. There are two prices listed for each fund: the public offering price and the net asset value.

The public offering price (POP) is the price the public pays for a share of a fund.

The net asset value (NAV) is the value of a share. It is the amount you receive when you redeem a fund share.

The POP may contain a markup to cover the sales load if there is one. Some publications quote both the NAV and the offer price. Some do not quote the offer price at all. Those that don't may quote the sales charge instead, leaving you to do the math to figure out how much the load is in dollars.

Here is an example:

XYZ MUTUAL FUND

In the above case, there is a sales load of $1.00.

Though a fund may be no-load, it is not necessarily free of fees. The next screen will explain why this is so.




LEARN EVEN MORE WITH THE ENCYCLOPEDIA OF PERSONAL FINANCE. CLICK HERE!

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